Question: Crane Ltd. determines, based on its taxable income for the year, that an income tax liability of $22,100 is payable. No accruals or instalments have

Crane Ltd. determines, based on its taxable income for the year, that an income tax liability of $22,100 is payable. No accruals or instalments have been made during the year.

How would your response change if Crane also made a $20,200 tax instalment at the end of the year?

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